# Chemrec

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chemrec

- Industry: Renewable Energy
- Headquarters: Stockholm, Sweden
- Website: www.chemrec.se
- Total disclosed funding: $30M
- Latest round: Series C (Dec 8, 2008)
- Investors on record: 3

## About

Chemrec AB is a Swedish company specializing in sustainable energy solutions through the development of innovative biomass and gasification technologies. It focuses on transforming biomass into renewable energy, contributing to a greener future.Chemrec AB, founded in 1989, is based in Stockholm, Sweden. The company is focused on developing cutting-edge gasification technology for converting biomass into renewable energy. In January 2011, Chemrec raised SEK 500 million in GRANT funding from the Swedish Energy Agency, bringing the total amount raised to SEK 20 million through 4 deals.Chemrec AB offers advanced biomass gasification technologies that enable the conversion of organic materials into renewable energy. Their services cater to industries seeking sustainable energy solutions, facilitating a transition towards lower carbon emissions by utilizing local biomass resources effectively.In the most recent fiscal year, 2023, Chemrec AB reported a revenue of SEK 888,474.60 and an EBITDA of SEK 317,107.60.Chemrec AB plans to leverage its recent SEK 500 million funding to enhance its research and development efforts, focusing on the launch of new biomass conversion technologies. The company is looking to expand its market presence in Europe and North America by 2025, targeting collaboration opportunities with green energy initiatives.

## Funding rounds

- Series C, Dec 8, 2008, $20M — VantagePoint Capital, ETF Partners, Volvo Group Venture Capital
- Series A, Jan 22, 2007, $10M — VantagePoint Capital, Volvo Group Venture Capital

## Investors

- VantagePoint Capital (https://capitalatlas.ai/funds/vantagepoint-capital) — Series A, Series C
- Volvo Group Venture Capital (https://capitalatlas.ai/funds/volvo-group-venture-capital) — Series A, Series C
- ETF Partners (https://capitalatlas.ai/funds/etf-partners) — Series C